H.R.4639: To amend the Internal Revenue Code of 1986 to treat income from certain leases as income from rental real estate activities in which the taxpayer actively participates.

About This Bill

  • This bill was introduced in the 105th Congress
  • This bill is primarily about taxation
  • Introduced Sept. 25, 1998
  • Latest Major Action Sept. 25, 1998

Bill Sponsor

Bill Summary

Amends the Internal Revenue Code, with respect to limiting passive activity losses and credits for taxpayers in the real property business, to include as real estate activity the lease of real estate under a nonmaterial participation share lease. Defines such a lease.

(Source: Library of Congress)

Bill Actions

Date Description
Referred to the House Committee on Ways and Means.
Sept. 25, 1998

Introduced in the House by Nick Smith (R-Mich.)

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